DyCREM: Dynamic Credit Risk Management Using Edge-Based Blockchain

Abstract

Banks play an important role in the financial market, and their profit mainly comes from loan service. Traditional risk management approaches, as the key part in the loan services, still have several issues including low data credibility, unreliable checking and alert delay. We propose a novel dynamic credit risk management system which leverages edge-based blockchain technology to improve the performance and provide a fair loan environment. Besides, we discuss the potential challenges that the system may face, such as data standards, security on edge and scalability.